$LBTYK

Liberty Global plc

CIK:0001570585|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 1,172.0	$ 1,269.1	$ 2,446.6	$ 2,440.3
Operating costs and expenses (exclusive of depreciation and amortization, shown separately below):
Programming and other direct costs of services (note 10)	375.4	465.3	802.0	868.7
Other operating (notes 10 and 12)	203.3	212.6	423.3	408.6
Selling, general and administrative (SG&A) (notes 10 and 12)	312.3	305.3	610.9	585.9
Depreciation and amortization	262.5	250.8	527.3	483.0
Impairment, restructuring and other operating items, net (note 10)	15.5	5.5	56.3	3.8
Operating costs and expenses	1,169.0	1,239.5	2,419.8	2,350.0
Operating income	3.0	29.6	26.8	90.3
Non-operating income (expense):
Interest expense	(115.9)	(129.5)	(229.6)	(257.0)
Realized and unrealized gains (losses) on derivative instruments, net (note 6)	18.2	(406.0)	150.4	(570.7)
Foreign currency transaction gains (losses), net	(122.6)	(2,089.9)	307.6	(3,170.9)
Realized and unrealized gains due to changes in fair values of certain investments, net (notes 5 and 7)	155.4	55.3	213.2	111.1
Share of results of affiliates, net (note 5)	(289.9)	(264.6)	(311.6)	(412.6)
Other income, net	16.8	32.2	41.8	43.6
Non-operating income (expense)	(338.0)	(2,802.5)	171.8	(4,256.5)
Earnings (loss) before income taxes	(335.0)	(2,772.9)	198.6	(4,166.2)
Income tax benefit (expense) (note 11)	(22.8)	(0.9)	(198.2)	69.1
Net earnings (loss)	(357.8)	(2,773.8)	0.4	(4,097.1)
Net earnings attributable to noncontrolling interests	(7.3)	(19.1)	(27.7)	(33.1)
Net loss attributable to Liberty Global shareholders	$ (365.1)	$ (2,792.9)	$ (27.3)	$ (4,130.2)
Basic loss attributable to Liberty Global shareholders per share (note 13) (in dollars per share)	$ (1.07)	$ (8.09)	$ (0.08)	$ (11.91)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net earnings (loss)	$ 0.4	$ (4,097.1)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Share-based compensation expense	81.0	82.8
Depreciation and amortization	527.3	483.0
Impairment, restructuring and other operating items, net	56.3	3.8
Amortization of deferred financing costs and non-cash interest	12.2	33.0
Realized and unrealized losses (gains) on derivative instruments, net	(150.4)	570.7
Foreign currency transaction losses (gains), net	(307.6)	3,170.9
Realized and unrealized gains due to changes in fair values of certain investments, net	(213.2)	(111.1)
Share of results of affiliates, net	311.6	412.6
Deferred income tax benefit	(10.6)	(126.5)
Changes in operating assets and liabilities, net of the effects of acquisitions and dispositions	31.5	(143.7)
Net cash provided by operating activities	338.5	278.4
Cash flows from investing activities:
Capital expenditures, net	(745.5)	(562.6)
Cash received from the sale of other investments	208.8	796.1
Cash paid for investments	(79.4)	(491.4)
Other investing activities, net	(3.6)	11.0
Net cash provided (used) by investing activities	168.8	(246.9)
Cash flows from financing activities:
Borrowings of debt	100.8	562.7
Operating-related vendor financing additions	190.0	151.6
Repayments and repurchases of debt and finance lease obligations:
Debt (excluding vendor financing)	(178.4)	(658.8)
Principal payments on operating-related vendor financing	(191.5)	(176.6)
Principal payments on capital-related vendor financing	(57.5)	(30.4)
Principal payments on finance leases	(3.7)	(2.8)
Net cash received (paid) related to derivative instruments	(0.2)	82.7
Repurchases of Liberty Global common shares	0.0	(102.0)
Other financing activities, net	4.4	(17.4)
Net cash used by financing activities	(136.1)	(191.0)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(34.0)	159.7
Net increase in cash and cash equivalents and restricted cash	337.2	0.2
Cash and cash equivalents and restricted cash:
Beginning of period	2,087.1	1,822.3
Net increase	337.2	0.2
End of period	2,424.3	1,822.5
Cash paid for interest	221.6	236.0
Net cash paid for taxes	113.4	182.7
EdgeConneX
Cash flows from investing activities:
Cash received in connection with the sale	677.8	0.0
UPC Slovakia
Cash flows from investing activities:
Cash received in connection with the sale	$ 110.7	$ 0.0

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 2,418.6	$ 2,081.4
Trade receivables, net (note 3)	521.2	558.2
Other current assets (notes 3, 4, 5 and 6)	558.2	756.8
Total current assets	3,498.0	3,396.4
Investments and related notes receivable (including $1,054.6 million and $1,631.5 million, respectively, measured at fair value on a recurring basis) (note 5)	6,700.3	7,686.1
Property and equipment, net (notes 8 and 10)	5,422.1	5,270.3
Goodwill (note 8)	3,415.5	3,502.8
Intangible assets subject to amortization, net (note 8)	1,266.8	1,349.4
Other assets, net (notes 3, 6 and 10)	1,229.8	1,390.9
Total assets	21,532.5	22,595.9
Current liabilities:
Accounts payable	443.0	478.7
Deferred revenue (note 3)	247.4	291.9
Current portion of debt and finance lease obligations (notes 9 and 10)	620.4	764.0
Accrued capital expenditures	168.9	158.0
Accrued income taxes	103.9	218.2
Other accrued and current liabilities (notes 4, 6 and 10)	1,158.3	1,248.3
Total current liabilities	2,741.9	3,159.1
Long-term debt and finance lease obligations (notes 9 and 10)	7,729.9	7,830.9
Long-term operating lease liabilities (note 10)	723.8	739.7
Other long-term liabilities (notes 3 and 6)	874.5	920.4
Total liabilities	12,070.1	12,650.1
Commitments and contingencies (notes 6, 9, 10, 11 and 14)
Liberty Global shareholders:
Additional paid-in capital	805.1	712.4
Accumulated earnings	5,077.2	5,104.5
Accumulated other comprehensive earnings, net of taxes	3,339.1	3,915.6
Treasury shares, at cost	(0.1)	(0.1)
Total Liberty Global shareholders	9,224.6	9,735.7
Noncontrolling interests	237.8	210.1
Total equity	9,462.4	9,945.8
Total liabilities and equity	21,532.5	22,595.9
Class A
Liberty Global shareholders:
Common stock	1.7	1.7
Class B
Liberty Global shareholders:
Common stock	0.1	0.1
Class C
Liberty Global shareholders:
Common stock	$ 1.5	$ 1.5